I EXPECT COMPLETE AND QUALITY ANSWERS DO NOT COPY AND PASTE A SOLUTION THAT IS ALREADY POSTED BY SOMEONE ELSE ON CHEGG REFRAIN FROM ANSWERING IF YOU CANNOT FULFILL MY DEMAND, AND LEAVE IT FOR SOMEONE WHO CAN ANSWER IT DON'T WASTE MY QUESTION AS THEY ARE LIMITED please have an explanation for each I will upvote 1 Kelsey offered to sell to Langdon, a close friend, a motorcycle for $450 Langdon did not have the money to buy it but told his brother, age 18, about the offer Langdon's brother called Kelsey to say he accepted Kelsey's offer Kelsey refused to sell the cycle to him can Langdon's brother enforce the offer made by Kelsey a Yes, this is a legally binding agreement in which all the terms are definite and certain b No, an offer can be accepted only by the person to whom the offer is made c Yes, but due to the brother's age, the contract is voidable 2 Max entered a contract with Sandy Per the agreement, Max will pay Sandy $5,000 if Sandy steals trade secrets from a company that is Max's strongest competitor Sandy secured the trade secrets and delivered them to Max He has refused to pay Sandy for her services Under which theory may Sandy recover the $5,000 from Max a Express contract, since both parties exchanged promises b None, due to the illegal nature of the contract 3 Ashley offered to hire Slava, a disc jockey, for a party at $25 hour Slava responded, I will accept your offer if you pay me $35 hour Ashley told Slava, Forget it, I will not pay that high a price Slave then said, Okay, I accept your original offer and will do the gig for $25 an hour Ashley responded, Sorry, no deal Which of the following best describes Slava's statement, I will accept your offer if you pay me $35 an hour a Revocation of the offer b A voidable contract c A counter offer d An invitation to negotiate 4 Which of the follwoing is true about Ashley's refusal to hire Slava at the end of the negotiations described in the preceding question a Ashley cannot refuse to hire Slava at $25 per hous because Slava had originally offered that price b Ashley can refuse to hire Slave at $25 hour because Slava's statement ( I will accept if you pay me $35 hour) had the effect of a rejection of Slava's original offer for $25 per hour 5 Nick offered to sell his 80 foot cabin cruiser boat to David for $220,000 The offer stated it would expire 30 days from today Nick changed his mind and does not wish to be bound by his officer Which of the following is true a Nick cannot legally withdrawn the offer for 30 days b If David phones Nick 35 days after the offer is made and unequivocally accepts the offer, Nick will be obligated to sell to David c The offer is not binding Nick can withdraw it and sell it to anyone else at any time

Question

I EXPECT COMPLETE AND QUALITY ANSWERS  DO NOT COPY AND PASTE A SOLUTION THAT IS ALREADY POSTED BY SOMEONE ELSE ON CHEGG  REFRAIN FROM ANSWERING IF YOU CANNOT FULFILL MY DEMAND, AND LEAVE IT FOR SOMEONE WHO CAN ANSWER IT  DON'T WASTE MY QUESTION AS THEY ARE LIMITED  please have an explanation for each    I will upvote 1  Kelsey offered to sell to Langdon, a close friend, a motorcycle for $450  Langdon did not have the money to buy it but told his brother, age 18, about the offer  Langdon's brother called Kelsey to say he accepted Kelsey's offer  Kelsey refused to sell the cycle to him  can Langdon's brother enforce the offer made by Kelsey  a  Yes, this is a legally binding agreement in which all the terms are definite and certain  b  No, an offer can be accepted only by the person to whom the offer is made  c  Yes, but due to the brother's age, the contract is voidable                     2  Max entered a contract with Sandy  Per the agreement, Max will pay Sandy $5,000 if Sandy steals trade secrets from a company that is Max's strongest competitor  Sandy secured the trade secrets and delivered them to Max  He has refused to pay Sandy for her services  Under which theory may Sandy recover the $5,000 from Max  a  Express contract, since both parties exchanged promises  b  None, due to the illegal nature of the contract                  3  Ashley offered to hire Slava, a disc jockey, for a party at $25 hour  Slava responded,  I will accept your offer if you pay me $35 hour  Ashley told Slava,  Forget it, I will not pay that high a price   Slave then said,  Okay, I accept your original offer and will do the gig for $25 an hour  Ashley responded,  Sorry, no deal   Which of the following best describes Slava's statement,  I will accept your offer if you pay me $35 an hour    a  Revocation of the offer  b  A voidable contract  c  A counter offer  d  An invitation to negotiate                          4  Which of the follwoing is true about Ashley's refusal to hire Slava at the end of the negotiations described in the preceding question  a  Ashley cannot refuse to hire Slava at $25 per hous because Slava had originally offered that price  b  Ashley can refuse to hire Slave at $25 hour because Slava's statement ( I will accept if you pay me $35 hour) had the effect of a rejection of Slava's original offer for $25 per hour                                  5  Nick offered to sell his 80 foot cabin cruiser boat to David for $220,000  The offer stated it would expire 30 days from today  Nick changed his mind and does not wish to be bound by his officer  Which of the following is true  a  Nick cannot legally withdrawn the offer for 30 days  b  If David phones Nick 35 days after the offer is made and unequivocally accepts the offer, Nick will be obligated to sell to David  c  The offer is not binding  Nick can withdraw it and sell it to anyone else at any time

SolutionInn · Accepted Answer

The Answer is in the image, click to view ...

Question: I EXPECT COMPLETE AND QUALITY ANSWERS. DO NOT COPY AND PASTE A SOLUTION THAT IS ALREADY POSTED BY SOMEONE ELSE ON CHEGG. REFRAIN FROM ANSWERING

Step by Step Solution

Students Have Also Explored These Related Accounting Questions!